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Such designations can be ambiguous; for example, "CST" can mean China Standard Time (UTC+08:00), Cuba Standard Time (UTC−05:00), and (North American) Central Standard Time (UTC−06:00), and it is also a widely used variant of ACST (Australian Central Standard Time, UTC+9:30). Such designations predate both ISO 8601 and the internet era; in ...
Pale colours: Standard time observed all year Dark colours: Summer time observed Central European Summer Time (CEST, UTC+02:00), sometimes referred to as Central European Daylight Time (CEDT), [1] is the standard clock time observed during the period of summer daylight-saving in those European countries which observe Central European Time (CET; UTC+01:00) during the other part of the year.
The Euro Short-Term Rate (€STR) is a reference rate for the euro. This interest rate can be used as the rate referenced in financial contracts that involve the euro. €STR is administered and calculated by the European Central Bank (ECB), based on the money market statistical reporting of the Eurosystem .
States within the CET area switch to Central European Summer Time (CEST, UTC+02:00) for the summer. [1] The next change to CET is scheduled for midnight of 25 October 2025. In Africa, UTC+01:00 is called West Africa Time (WAT), where it is used by several countries, year round. [2] Algeria, Morocco, and Tunisia also refer to it as Central ...
Spain, like other parts of the world, used local mean time until 31 December 1900. [2] In San Sebastián on 22 July 1900, the president of the Consejo de Ministros, Francisco Silvela, proposed to the regent of Spain, María Cristina, a royal decree to standardise the time in Spain; thus setting Greenwich Mean Time (UTC±00:00) as the standard time in peninsular Spain, the Balearic Islands and ...
In all locations in Europe where summer time is observed (the EU, EFTA and associated countries), European Summer Time begins at 01:00 UTC/WET (02:00 CET, 03:00 EET) on the last Sunday in March (between 25 and 31 March) and ends at 01:00 UTC (02:00 WEST, 03:00 CEST, 04:00 EEST) on the last Sunday in October (between 25 and 31 October) each year ...
In Romania, the standard time is Eastern European Time (Romanian: Ora Europei de Est; EET; UTC+02:00). [1] Daylight saving time, which moves one hour ahead to UTC+03:00 is observed from the last Sunday in March to the last Sunday in October. [2]
In floating exchange rate regimes, exchange rates are determined in the foreign exchange market, [6] which is open to a wide range of different types of buyers and sellers, and where currency trading is continuous: 24 hours a day except weekends (i.e. trading from 20:15 GMT on Sunday until 22:00 GMT Friday). The spot exchange rate is the ...